SOLUTION: By selling an article for $250 a man gains 20%. Find his profit percentage if he sells it for $275

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Question 940124: By selling an article for $250 a man gains 20%. Find his profit percentage if he sells it for $275
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
By selling an article for $250 a man gains 20%. Find his profit percentage if he sells it for $275
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Equation:
Man's buying price:: x
1.2x = 250
x = $208.33
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Profit Quantity if sold for 275:: 275-208.33 = 66.67
Ans: Profit Percentage:: 66.67/208.33 = 0.32 = 32%
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Cheers,
Stan H.
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